South Korea’s Amorepacific Group announced on February 1 its net profit plunged nearly 50 percent in 2022, on the back of slowing consumption in China and impeded travel retail sales.…
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Amorepacific to invest in beauty content producer Dmil
South Korean cosmetics giant Amorepacific said that it would invest US$2.7 million in Dmil, a multi-channel network company.…
Amorepacific Group launches “less plastic” campaign on Earth Day
Amorepacific Group announced a plan on 22nd April to use less plastic to safeguard health and the environment.…
Amorepacific Group partners with A.S. Watson Group
Global beauty company Amorepacific Group is pleased to announce that it has entered into global strategic partnership with leading global health & beauty giant A.S. Watson Group.…
Amorepacific Q1 net profit plunges 21%
Amorepacific Corp., South Korea’s leading cosmetics maker, said on its first-quarter net profit declined 20.9 percent from the previous year, due mainly to a sharp drop in the number of Chinese …
AmorePacific posts Q3 profit decline of 39.7%
Korea’s No. 1 cosmetics producer AmorePacific Group posted yet another dismal earnings report in the third quarter this year, due to a sales slump in the domestic market because of declining tourists …
Korean cosmetics brands shift focus from China to the U.S.
South Korean beauty brands are shifting their attention to the United States after their presence in China took a toll from Seoul’s deployment of a U.S. antimissile shield that led to consumer shunnin…
South Korean brand Innisfree hit 1 trillion won sales
South Korean AmorePacific Group recently ranked 7th among the world’s top 100 beauty companies by US Women’s Wear Daily (WWD). In 2016, one of its leading brands Innisfree also surpassed …
AmorePacific Group surpasses LVMH and Chanel
AmorePacific Group, the Korean manufacturer of cosmetics, outperformed French luxury retail giant LVMH in the global cosmetics business last year…